Part 3/9:
As the landscape evolves, a troubling trend has emerged: an increase in serious delinquencies among auto loans. Reports indicate that approximately 3% of all auto loans are in serious delinquency, effectively meaning the borrowers have not made payments for over 90 days. This rate of delinquency is the highest observed in nearly two decades, indicating that approximately 3.2 million loans are at risk, a situation reminiscent of the financial crisis in 2008 and 2009.